Crude pared the losses and that commodit climbed and so did the stocks. At the close, the dow jones was 93 points higher. It had been down more than 200 points and the nasdaq rose five points and the s p 500 gained 12 points. Mary thompson is at the New York Stock Exchange with more. A remarkable tu 200 plus p reverses th11n market closed indicating heavy selling weighed on u. S. Stocks in the early trading. E day and that he. The index falling below a key technical level during tht level, held by helped by broad based buying that was seen later in the day. A decidey def stance as they await news from greece on wednesday. Start of the u. S. Earnings season. Thats when alcoa reports and any more signs to stem a slide in the stock market are working. The groups that led the markets higher in tuesdays session utilities and consumer staples. For nightly busine im mary exchange. Though oil losses may have pared the losses they still fell. Gold prices also tumbled and l very wary of whats go
Commerzbank swings to a loss in the second quarte dragging the shares lower, while socgen suffers as the french lender sees both profits and revenues decline the banks deputy ceo tells cnbc emerging markets are helping we have an advantage from the improving environment in central europe, from the dynamic in africa, which has compensated the still negative Interest Rate environment in the eurozone, and the low market volatility. An apple a day keeps the bears at bay the iphone makers better than expected earnings boost european suppliers, and set apple shares up to open at a record high. Good morning, everyone its hump day, that means its wednesday, of course the stoxx 600 is not doing too much this morning. Were off bay fraction the german and french markets are higher, but seeing pressure when it comes to the ftse. Thats in part because were seeing the mining shares on pressure rio tinto off by 2. 5 , this on the back of a disappointing dividend the divi not as big as some expected r
Sexuality. The Defense Industry would struggle to meet customer demand in europe. Hillary clinton and donald trump of both signaled that the u. S. Would scale back its commitment to nato if allies do not step up to the plate. This would make a heavy demand on industry. The national geospatials agency will unveil a California Office dedicated to spurring technological innovation. The the outpost is expected to launch sometime this summer, intelligence presence in silicon valley. This came after secretary carter in siliconhakeups valley. The navy league sea, air, space conference exhibited technologies. Among the companies with technology to show raytheon. Therter we are here at raytheon booth. They make a family of missiles usually used by the u. S. Navy, fired by warships. Most of the time those warships are a class of destroyer. There is a model of one right here. This trip has been in production since the early 1990s, but this was different. It has a radar right here. It is made by r
Pfizer is a to be close to buying a rival for around 14 million. Caroline manus, we are looking ahead to the market open. A bit of profit this monday, similar to what we saw on friday, the futures market signaling a down day in europe. All eyes are on central banks, on jackson hole, as we see that it is a day of dollar strength. Today we could see 2 10 of 1 being wiped off the euro stocks 60. Manus caroline, yes indeed. Lets have a look at that risk radar. Betterlar is bid, yen offered. Fischer signaling a 2016 rate hike is on the cards, less than a week to go until jackson hole. Dollaryen, you have movement. Very much this divergent policy, kuroda also indicating that the bank of japan wont hesitate. This is in a newspaper article over the weekend. Bloomberg, a 51 probability of a rate hike, up from last week. Keep an eye on your government notes. They get a twomonth high, oil indicates that it adds to the rhetoric of the bond market. Hedge funds cut their bullish bets by the most in
You need to watch out for that. Light snow in new york city. Were tracking heavier snow off to thersouth. It could be sli thppery in places like monmouth and ocean counties, especially. Lets look at whats going on in the city. Tracking light snow at new k berty airport towards arlington, Staten Island, tompkinsville and new york city. The five boroughs seeing that light snow on this friday morning. Mainly the roads are wet around toh wn. It is coating the untreated surfaces. Any grassy spots could be slick. Middletown, Monmouth County now dealing with steadier snow. Weve upped the totals just a bit. Its s cotill nothing for northern westchester into the Hudson Valley. A coating for new york city. As you head into the jersey shore, maybe 1 to 2 inches a possibility, places like peally monmouth and Southern Ocean counties. Again, not a major snow but snow to deal with for the morning commute. A look at the day planner shows snow tapering off by lunchtime. A high of 39 degrees. Were track